ATX Buys InnoTrans
ATX Networks has acquired InnoTrans Communications. ATX designs and develops hybrid fiber/coax (HFC) and digital video processing ...
ATX Networks has acquired InnoTrans Communications. ATX designs and develops hybrid fiber/coax (HFC) and digital video processing equipment. The acquisition of InnoTrans' fiber-optic solutions is intended to broaden ATX's portfolio.
Headquartered in San Jose, CA, InnoTrans develops and manufactures optical transport solutions for cable operators. The scale, resources, and infrastructure of ATX are expected to speed new product development within InnoTrans.
"InnoTrans represents a highly strategic and complementary investment," said Ken Wildgoose, ATX's President and CEO. "We have known the InnoTrans management team for years, and their technological expertise and ability to innovate is second to none across the HFC access market. Together, we plan to continue delivering outstanding network solutions and innovative new products in collaboration with our valued customers."
Mani Ramachandran, InnoTrans' founder and CEO commented, "We are excited to join the ATX team. Strategically, InnoTrans will benefit greatly from being part of a larger organization focused on HFC technology, and we are looking to fully utilize ATX's scale and resources to deliver increasingly differentiated solutions and value to current and new customers on a global basis."
Ramachandran will serve as president of a newly created Optical Network Solutions Division within ATX, which will base its foundation for expansion using the current InnoTrans team in its entirety.